Bank of America Says Putback Dispute Doubles With Pimco Group
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Bank of America Corp. said a bondholder group pressuring the lender to repurchase soured mortgages has almost doubled the number of securitizations on which it is challenging the company.
There are 225 securitizations in dispute with the group, compared with 115 as of Oct. 18, the Charlotte, North Carolina-based bank said today in a regulatory filing. In October, the dispute covered about $46 billion in bonds.